Basic-Rate Taxpayer
A basic-rate taxpayer in the UK can have a taxable income of £12,571 to £50,270 with a tax rate of 20%.
| Band | Taxable income | Tax rate |
|---|---|---|
| Personal Allowance | Up to £12,570 | 0% |
| Basic rate | £12,571 to £50,270 | 20% |
| Higher rate | £50,271 to £150,000 | 40% |
| Additional rate | over £150,000 | 45% |